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SMC Electric (HKSE:02381) ROCE % : 22.81% (As of Jun. 2024)


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What is SMC Electric ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. SMC Electric's annualized ROCE % for the quarter that ended in Jun. 2024 was 22.81%.


SMC Electric ROCE % Historical Data

The historical data trend for SMC Electric's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SMC Electric ROCE % Chart

SMC Electric Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 36.56 27.56 21.94 19.27 18.37

SMC Electric Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.10 -2.06 22.08 12.28 22.81

SMC Electric ROCE % Calculation

SMC Electric's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=24.647/( ( (182.352 - 43.496) + (183.331 - 53.803) )/ 2 )
=24.647/( (138.856+129.528)/ 2 )
=24.647/134.192
=18.37 %

SMC Electric's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=31.012/( ( (183.331 - 53.803) + (196.398 - 54.017) )/ 2 )
=31.012/( ( 129.528 + 142.381 )/ 2 )
=31.012/135.9545
=22.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


SMC Electric  (HKSE:02381) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.


SMC Electric ROCE % Related Terms

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SMC Electric Business Description

Traded in Other Exchanges
N/A
Address
12 Lee Chung Street, 1st Floor, Shell Industrial Building, Chai Wan, Hong Kong, HKG
SMC Electric Ltd is engaged in manufacturing and selling of electric tools and sourcing and selling of electric fans. The company sells a wide variety of products including, fans such as Ceiling fans, Wall-mounted fans, Stand up fans, Cordless fans and Orbital fans, Work lights, Vacuum cleaners and other electric tools. The operating segments of the group are SMC segment and Non-SMC segment. It derives key revenue from the Non-SMC segment which involves the development, designing, manufacturing and trading of electric tools and electric fans to customers under their respective brands. The group derives revenue from the Americas, Europe, Oceania, Africa and Asia.
Executives
Red Dynasty Investments Limited 2201 Interest of corporation controlled by you
Yung Kwok Kee Billy 2201 Interest of corporation controlled by you
Claudio Holdings Limited 2201 Interest of corporation controlled by you
Creator Holdings Limited 2201 Interest of corporation controlled by you
Hkc (holdings) Limited 2201 Interest of corporation controlled by you
Hong Kong Construction (hong Kong) Limited 2101 Beneficial owner
Oei Kang, Eric 2201 Interest of corporation controlled by you
Shell Electric Holdings Ltd 2101 Beneficial owner
Hsu Vivian 2202 Interest of your spouse

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